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cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now they're hi
cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to...
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Mar 19, 2013
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cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now the
cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to...
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wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news america." reporting from washington, i am katty kay. the financial crisis in cyprus. the bailout plan to save this time the island from bankruptcy rattled markets around -- this tiny island from bankruptcy rattled markets around the world. we examine intelligence about weapons of mass destruction that was ignored. from one jungle to another. we will show you this man's struggle to survive in new york city after spending his whole life in the amazon rain forest. welcome to our viewers on public television in america and also around the globe. a tiny island is shaking the eurozone. financial markets fell after the terms of
wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news...
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economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 billion to fund overseas military prog
economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to...
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if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear weapon and the ability to deliver it that he would not act? plunging markets notwithstanding the >> rising oil prices, a threat to american economic recovery, a generational war with iranians, all of that notwithstanding i believe that if it's unmistakably clear and this that the iranians are breaking out to acquire aweapon that this president will, in fact, use military force. it's not my preferreded option. it clouds the whole option of what the end state would be but i believe, yes he will use military force. >> rose: you agree? >> i think so, too. it's not just about the israelis as well. it's about th
if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear...
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Mar 21, 2013
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wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? newsd now "bbc world america." >>> this is "bbc world news america." friends inbama wins israel, but has strong words on the rights of palestinians as well. >> israelis must recognize that continued settlement activity as counterproductive to the cause of peace and that an independent palestine must be viable with real borders. >> deadlines for cyprus. the anxious island has until monday to raise enough cash to secure a bailout. is forget words, this photo worth 50 million years. could the universe be much, much older than we thought? >>> welcome to our viewers on public television and america and around the globe. you must create the change that you want to see, that was the challen
wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? newsd now "bbc world america." >>> this is "bbc world news america."...
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Mar 21, 2013
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israelis have put this small country at the forefront of the global economy. israelis understand the value of education and have produced ten nobel laureates. israeli's understand the power of invention and your universities educate engineers and inventors. and that spirit has led to economic growth and human progress. solar power and electric cars and bandages and prosthetic limbs that save lives, stem cell research and new drugs that treat disease. cell phones and computer technology that change the way people around the world live. so if people want to see the future of the world economy, they should look at tel aviv, home to hundreds of start-ups and research centers. israelis are so active on social media that every day seemed to bring a different facebook campaign about where i should give this speech. that innovation is just as important to the relationship between the united states and israel as our security cooperation. our first free trade agreement in the world was reached with israel, nearly three decades ago. today, the trade between our two count
israelis have put this small country at the forefront of the global economy. israelis understand the value of education and have produced ten nobel laureates. israeli's understand the power of invention and your universities educate engineers and inventors. and that spirit has led to economic growth and human progress. solar power and electric cars and bandages and prosthetic limbs that save lives, stem cell research and new drugs that treat disease. cell phones and computer technology that...
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welcome to the program year five of the economic downturn yet the global economy barely shows any signs of recovery but you wouldn't know it by looking at the stock market there the bulls rule the s. and p. five hundred moved within two points of its record high this week before sliding on friday as the central banks around the world injected unprecedented amount of cash into to find the financial system is becoming increasingly out of sync with the real economy and a growing number of economists are ringing the alarm bells there fearing a stock market bubble i asked mike engro an analyst to be g c brokers in london if he shares this concern. the seem to be a disconnect between what stock markets are telling us and what's going on in real economies there's no doubt whatsoever that you know central bank's balance sheet expansion is a is a major driving force of the rally that we're seeing at the moment i mean think of just look at the fed i mean that balance sheets gone over the last four and a half years from something like nine hundred billion dollars to three point two trillion dollar
welcome to the program year five of the economic downturn yet the global economy barely shows any signs of recovery but you wouldn't know it by looking at the stock market there the bulls rule the s. and p. five hundred moved within two points of its record high this week before sliding on friday as the central banks around the world injected unprecedented amount of cash into to find the financial system is becoming increasingly out of sync with the real economy and a growing number of...
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>> prime minister shinzo abe wants everyone to help defeat the deflation that's dogged the japanese economy for years. he's urging businesses to pay their employees more. some managers agreed to do that but only temporarily. nhk world explains. >> reporter: more company managers and labor unions are wrapping up their month-long wage negotiations today. many firms cut bonuses last year. but this year, workers are receiving better deals. union members in japan are tallying up the pay increases for the next fiscal year, which starts april 1st. so far, all of the country's major companies have promised to keep raising wages based on age and seniority. many firms are offering more because business is better. managers at toyota motor agreed to pay an annual bonus worth five-month wages plus an extra $3,000. that's the highest payout since 2008. executives at nissan, honda, and mitsubishi also decided to accept demands for bigger bonuses. >> translator: it's good to see bonuses are increasing even if it's a temporary measure. >> reporter: prime minister abe has repeatedly asked business leaders to
>> prime minister shinzo abe wants everyone to help defeat the deflation that's dogged the japanese economy for years. he's urging businesses to pay their employees more. some managers agreed to do that but only temporarily. nhk world explains. >> reporter: more company managers and labor unions are wrapping up their month-long wage negotiations today. many firms cut bonuses last year. but this year, workers are receiving better deals. union members in japan are tallying up the pay...
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because of the economy. we cannot have recovery and growth unless people have money in their pockets to cover the basics. keep the lights original keep food on the table. there's no discount pump at the gas station if you've had the flu. but business own here's are partners in our state coalitions tell us what they most need is for people to come spend money in their shop. so in their interests, your workers are my customers for those workers not to lose their job or their paycheck because they're being a good parent or following doctors' orders. >> here in new york city, there's a battle brewing over that exact point that he mentioned. christine quinn running for mayor of new york city is standing against this legislation because she says the economy can't afford it. and she is getting some pushback from some of her democratic opponents. have you noticed a breakdown on this issue, left, right? who is a friend? who is a foe? who is with you or against you? >> the good news is that there is huge support for t
because of the economy. we cannot have recovery and growth unless people have money in their pockets to cover the basics. keep the lights original keep food on the table. there's no discount pump at the gas station if you've had the flu. but business own here's are partners in our state coalitions tell us what they most need is for people to come spend money in their shop. so in their interests, your workers are my customers for those workers not to lose their job or their paycheck because...
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israel's already a center for innovation that helps power the global economy. and i believe that all of that potential for prosperity can be enhanced with greater security, enhanced with lasting peace. [ applause ] here in this small strip of land that has been the center of so much of the world's history, so much triumph and so much tragedy, israelis have built something that few could have imagined 65 years ago. tomorrow i will pay tribute to that history at the grave of a man who had the foresight to see the future of the jewish people, had to be reconnected to their past, at the grave of a man who understood that israel's victories in war had to be followed by the battles for pea peace, where the world is reminded of the cloud of evil that can descend on the jewish people and all of humanity if we ever fail to be vigilant. we bear all that history on our shoulders. we carry all that history in our hearts. today as we face the twilight of israel's founding generation, you, the young people of israel, must now claim its future. it falls to you to write the ne
israel's already a center for innovation that helps power the global economy. and i believe that all of that potential for prosperity can be enhanced with greater security, enhanced with lasting peace. [ applause ] here in this small strip of land that has been the center of so much of the world's history, so much triumph and so much tragedy, israelis have built something that few could have imagined 65 years ago. tomorrow i will pay tribute to that history at the grave of a man who had the...
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its economy is in dire straits. its leadership is divided. and its position -- in the region, and the world -- has only grown weaker. i do believe that all of us have an interest in resolving this issue peacefully. strong and principled diplomacy is the best way to ensure that the iranian government forsakes nuclear weapons. peace is far more preferable to war. and the inevitable costs, the unintended consequences that would come with war means that we have to do everything we can to try to resolve this diplomatically. because of the cooperation between our governments, we know that there remains time to pursue a diplomatic resolution. that's what america will do, with clear eyes -- working with a world that's united, and with the sense of urgency that's required. but iran must know this time is not unlimited. and i've made the position of the united states of america clear: iran must not get a nuclear weapon. this is not a danger that can be contained, and as president, i've said all options are on the table for achieving our objectives. ame
its economy is in dire straits. its leadership is divided. and its position -- in the region, and the world -- has only grown weaker. i do believe that all of us have an interest in resolving this issue peacefully. strong and principled diplomacy is the best way to ensure that the iranian government forsakes nuclear weapons. peace is far more preferable to war. and the inevitable costs, the unintended consequences that would come with war means that we have to do everything we can to try to...
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. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring
. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to...
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it's a huge banking system, eight times the size of their economy. consider this, brian, if the us banking system was as big relative to the u.s. economy as cyprus is, we would have 45 more banks the size of jpmorgan in the united states. that's how big it is. that's why there's a need to tax deposits. that's where the money is. that's the only way this country will be able to come up with it. that's the struggle. now they're off to russia. minister of finances hope they get money out of that country. it's not clear that's going to happen, at least not in time to save the banking system. >>> of course here as always we want to know why are you awake? shoot us an e-mail or tweet me @billschactman. >>> they have espn and air force one will show you which teams the basketball fan picked. that's next in sports >> leave it to reality tv. we have more great diving. highlights from the new celebrity diving show "splash" which i did watch a few minutes of. check it out when way too early comes back. >> someone released poison gas inside the tokyo subway syst
it's a huge banking system, eight times the size of their economy. consider this, brian, if the us banking system was as big relative to the u.s. economy as cyprus is, we would have 45 more banks the size of jpmorgan in the united states. that's how big it is. that's why there's a need to tax deposits. that's where the money is. that's the only way this country will be able to come up with it. that's the struggle. now they're off to russia. minister of finances hope they get money out of that...
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economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign affairs correspondent greg palkot tells us what is under consideration. >> the banks will remain closed for the rest of the week after a controversial plan to tap in to private savings to bankroll a bail-out rejected by the parliament. we are feeling easier because there might not be a levy on deposits. but the situation could get worse. the officials scram to believe come up with a plan "b" for the near bankrupt country. european union will not put up its share of the $20 billion bail-out without cyprus doing its bit. they offer to mortgage the assets
economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign...
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officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 eur
officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday...
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and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka, china has been a really important economic driver here in the global economic scale especially over the last few years of the economic slump in the west. and when you look at this unrest and the riots that are happening, when you look at the impact on health care and the cost to the chinese government, there's a very real impact on the economy of china as a whole. and that certainly impacts the rest of us as the world. from an environmental perspective too smog and particlats that originate in china can be found on the beaches of the bahama and the a
and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka,...
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deciding weather to increase or lower interest rates to stabilize the economy -- it is ideal for that, but it is inadequate as a measure of well- being. >> research backs of the old cliche that money cannot buy happiness. studies show that people from industrialized countries with annualized incomes above 60,000 euros are not necessarily have here. wealthier scandinavian countries to report happiness. in denmark, the satisfaction is attributed to its generous welfare state and low unemployment. according to the world happened is report, finns and norwegians are also content. germany ranks 30th and is in the top quarter of countries surveyed. african nations are among the least happy. a german parliamentary group is examining weather to include happiness in germany's gdp calculation, making it more of -- more than a summary of exports. >> many people are now working on it. >> the tiny himalayan kingdom of bhutan is already doing that. the right to happiness is even written into the constitution of the buddhist country. the government releases its gross national happiness index every ye
deciding weather to increase or lower interest rates to stabilize the economy -- it is ideal for that, but it is inadequate as a measure of well- being. >> research backs of the old cliche that money cannot buy happiness. studies show that people from industrialized countries with annualized incomes above 60,000 euros are not necessarily have here. wealthier scandinavian countries to report happiness. in denmark, the satisfaction is attributed to its generous welfare state and low...
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economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable future. ben bernanke still keeping an eye out for potential negative effects from the policy. but so far he's promised the markets this will continue. in terms of the commentary around the dart, we did see adjustment lower on the growth forecasts. smament, ben bernanke is pointing to the fact that there has been some improvement in the likes of the housing market. the fiscal consolidation thanks to its playing out for the budget, this is going to have an impact in 2013 growth, 2.3% to 2.8% is the number we're looking at. this is down from 2.3% to
economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable...
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Mar 21, 2013
03/13
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so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebullient, right, the country is growing. usually they are too excited and then there is a dramatic plunge in the economic outlook of the country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if the index holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. ♪ if loving you is wrong ♪ i do
so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebullient, right, the country is growing. usually they are too excited and then there is a dramatic plunge in the economic...
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Mar 21, 2013
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we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to keep the government funded through september 30, which averts a march 27 shutdown of the government. here is the speaker of the house excited by the vote. >> it is a good day for the american people. every family in america must balance their budget. today, us republicans passed our bold plan to balance the budget over the next 10 years. this budget does more than just balance. it helps improve people's lives and addresses the things i think they most care about fixing the tax code lowering rates means more jobs and higher wages
we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to...
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economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initially we know that banks were going to be closed up until tomorrow but at this point there's a lot of speculation that banks will be closed up until tuesday because monday is another bank holiday and at this point it's very, very uncertain that we'll get a viable plan b to get the bailout deal in place at this point it doesn't look like we'll get it by tomorrow. at this point we are expecting that banks are going to be closed for a little bit longer. of cours
economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people...
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the same poll shows 52% of americans disapprove of the way that he is handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks but you have is to wonder are his efforts sin? sincere. i asked lindsey graham earlier. the president spent more time on capitol hill meeting with republicans in the past week than he has for the previous four year is. senator, what is up? >> i don't know. old saying in the south it doesn't matter how you find religion as long as you do. i don't know if it is the dropping poll numbers or wants a leg icy and realizes you you can't have one without talking to republicans. either way it is a constructive thing. >> mike: i said you can't govern if you don't have relationships. >> right. >> mike: you can't have relationships if you don't look at each other face to face and spend time together. may not always be pleasant but it has got to be done. are you convinced and you were one of the senators that had dinner with him on the thursday night at the jefferson h
the same poll shows 52% of americans disapprove of the way that he is handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks but you have is to wonder are his efforts sin? sincere. i asked lindsey graham earlier. the president spent more time on capitol hill meeting with republicans in the past week than he has for the previous four year is. senator, what is up? >> i don't know. old saying in...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. download the official application to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television well it just doesn't matter how would your mobile device if you could watch on t.v. any time anyway. when their own country trying to offer them a living even those sometimes have to leave their children behind. is the dream of millions of migrant children might choose the. room. i want my children to win over moscow. russia has become. to find a way home. by imax kaiser this is the kaiser a four yo are still in new york city before we start i want to oppression of time square nine hundred sixty five. this will sign a lot of times where it's all gone now well max people really want to know not about the callaghan but they want to know about the cyprus man what's happening on the streets of cyprus so we're going to talk about that because there's you know there's
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. download the official application to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television well it just doesn't matter how would your mobile device if you could watch on t.v. any time anyway. when their own country trying to offer them a living even those...
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Mar 16, 2013
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♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> this week marks the tenth anniversary of the u.s. led invasion of iraq. u.s. troops are gone, but the bloodshed continues. this week, bombings in baghdad caused dozens of casualties. beyond the countless thousands of lives lost, there's a new accounting of how much the u.s. wasted trying to reshape that country. jim clancy has been looking at the u.s. special inspector's report. >> reporter: america's $60 billion splurge to rebuild iraq, and what went wrong comes under the microscope. >> about 8 billion of the $60
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen...
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Mar 20, 2013
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here somehow find a way they can come out of the shadows and be contributors and tax payers in this economy. >> but i'm talking about folks here legally, congressman, not living in the shadows. they are here legally. eligible to become citizens and haven't chosen to. two thirds in the case of mexican legal immigrant. >> that's a head-scratcher for me. i don't know what the answer is to that. i don't know the impediments. if you are legal and could come forward, then i would hope you would. you have to meet obligations that all citizens have. >> congressman, if i could go back to what you were saying about a grand bargain and the need to get healthcare costs under control, some of the ideas for reforms to medicare as part of a grand bargain have been means testing and raising the pled care eligibility age, are those reforms that you support? >> well, means testing we already do. that is already part of medicare and a lot of folks don't know that. so that is okay with me. raising the age, i think, is a bad idea. it doesn't save money. i think if anything, the real focus here has to be on tryi
here somehow find a way they can come out of the shadows and be contributors and tax payers in this economy. >> but i'm talking about folks here legally, congressman, not living in the shadows. they are here legally. eligible to become citizens and haven't chosen to. two thirds in the case of mexican legal immigrant. >> that's a head-scratcher for me. i don't know what the answer is to that. i don't know the impediments. if you are legal and could come forward, then i would hope you...
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Mar 18, 2013
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we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a whole across the nation are as misdenge
we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real...
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Mar 21, 2013
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the economy is good but not good enough. the federal reserve sees steady improvement but isn't sure the growth is for real. chairman ben bernanke says the fed will continue its stimulus program to keep long-term interest rates low, but he hinted the fed might cut back if it sees more improvement in the job market. >>> and one area where there is real improvement is the housing market. we're expecting good news this morning about existing home sales. there aren't many of them on the market apparently, and that's creating a sudden increase in demand for new homes taking builders quite by surprise. they're even having trouble finding construction workers. >>> gas prices this morning averaged $3.70. they've been holding there for about a month but many feel they're still too high especially considering the boom we're having in domestic oil production. the oil industry is blaming the federal ethanol requirement, but the ethanol industry says the additive costs less than gasoline, so that's nonsense. >>> the company that makes axe
the economy is good but not good enough. the federal reserve sees steady improvement but isn't sure the growth is for real. chairman ben bernanke says the fed will continue its stimulus program to keep long-term interest rates low, but he hinted the fed might cut back if it sees more improvement in the job market. >>> and one area where there is real improvement is the housing market. we're expecting good news this morning about existing home sales. there aren't many of them on the...
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Mar 15, 2013
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by the end of 2023, the economy will be at a crawl. we will have added $8 trillion to our debt, the debt will rain down the country like an anchor. in short, we are on the verge of a debt crisis. our obligations are growing faster than our ability to pay them. our debt, it's already bigger than our economy. at some point, lenders will lose confidence in us. they will demand higher interest rates, and when they do, interest rates across the country will skyrocket on mortgages, on credit cards, on car loans. and then pressed for cash, the government will take the easy way out. it will crank up the printing presses. the dollar would sink. our finances would collapse. the safety net would unravel, and the most vulnerable, they would suffer the most. a debt crisis will be more than an economic event. it would be a moral failure. >> not surprising paul ryan's theme, on the budget, on the debt, and i think one thing we learned this week from the president and from republicans is that we have a fundamental disagreement about the importance of
by the end of 2023, the economy will be at a crawl. we will have added $8 trillion to our debt, the debt will rain down the country like an anchor. in short, we are on the verge of a debt crisis. our obligations are growing faster than our ability to pay them. our debt, it's already bigger than our economy. at some point, lenders will lose confidence in us. they will demand higher interest rates, and when they do, interest rates across the country will skyrocket on mortgages, on credit cards,...
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Mar 19, 2013
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on a continent with 16, 20 trillion of economy. that decides to under mind faith they have in the deposit, as if here was declared yes, you a safety deposit insurance. however we are going to take 10% of your savings tomorrow. it will disappear. it will cause run on bank. this could be a long fuse. in the state, they have a 50% tax break for small business and startups. >> listen to this. >> how would you feel if you made a decision four years ago you knew was legally correct and four years later a governing body said it's not correct and you owe us more money and we charge you interest on the money you didn't know you owed? >> bret: that is quite a story. >> it is. >> hard to have sympathy for some of the business owners. they backed a issue on the ballot that was also retroactive. but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxatio
on a continent with 16, 20 trillion of economy. that decides to under mind faith they have in the deposit, as if here was declared yes, you a safety deposit insurance. however we are going to take 10% of your savings tomorrow. it will disappear. it will cause run on bank. this could be a long fuse. in the state, they have a 50% tax break for small business and startups. >> listen to this. >> how would you feel if you made a decision four years ago you knew was legally correct and...
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Mar 19, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. try align. it's the number one ge recommended probiotic c" that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. >>> three years ago, the scene after at fukushima nuclear plant in japan. recall the earthquake and tsunami hit the area, waves knocked out cooling systems to reactors leading to meltdowns at three of them. >> that's right, tens of thousands of people evacuated and they still have not been able to return to their homes. last night a power outage hit the same nuclear plant, and now crews are working to restore some of the cooling systems. >> want to bring in chad meyers. help us understand how the cooling systems work and how dangerous this potentially. >> is a closed system, water pumps in and out of a reactor,
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. try align. it's the number one ge recommended probiotic c" that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. >>> three...
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Mar 21, 2013
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are critical conversations going on today about this country's foreign policy, the direction of its economy, and the security of it is citizens. the president is in israel, where he delivered a major speech calling again for a two-state solution in the middle east. in congress, house republicans successfully parsed paul ryan's third budget blueprint, likely to never become law. >>> but we begin with a moment of deep frustration this week. after an assault weapons ban was dropped from senate legislation, while two top gun reform advocates continue to push for reform. in new york earlier today, vice president joe biden and new york city mayor michael bloomberg held a press conference with families of the sandy hook elementary school massacre. delivering a unified message to congress -- get some guts. >> it's time for the political establishment to show the courage your daughter showed. >> quite honestly, i'm really ashamed to see that congress doesn't have the guts to stand up and make a change and put a ban on these types of weapons and universal background checks. >> congress just has to ge
are critical conversations going on today about this country's foreign policy, the direction of its economy, and the security of it is citizens. the president is in israel, where he delivered a major speech calling again for a two-state solution in the middle east. in congress, house republicans successfully parsed paul ryan's third budget blueprint, likely to never become law. >>> but we begin with a moment of deep frustration this week. after an assault weapons ban was dropped from...
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bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to dealing with it. >> eac
bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first...
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economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of accommodation we are providing giving the outlook -- given the outlook. weterms of further color, have not given quantitative analysis. we would be looking for a sustained improvement in a range of key labor market indicators, including payrolls, but also others like the hiring rate, claims for unemployment insurance, and so on. we are looking for a sustained improvement across a range of indicators and since we are looking at the outlook and the prospects rather than the current state of the labor market, we
economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of...
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in the global economy and the u.s. economy. you know, frankly on every content. it depends on energy prices and food prices, which in turn depend on energy prices and so forth. i think that when it comes to pass, it won't diminish the interest that we have middle east. so i frankly do not hear a lot of concern about that. i hear much more about it here, frankly. >> thank you, dennis, david, and michael. thank you all for joining us today. please look out on your e-mails for the release of this strategic transition paper. and for what i'm sure will be written analysis that my colleagues will be producing probably as he is flying home. thank you for joining us today. [applause] [inaudible conversations] >> president obama officially named tom presents his choice to be the next labor secretary at a white house event on monday. here is a portion of the president's remarks. >> as the at the head of the u.s. justice department's civil rights division, we have pathways into the workforce for everyone willing to contribute including lg bt americans and immigrants. and he
in the global economy and the u.s. economy. you know, frankly on every content. it depends on energy prices and food prices, which in turn depend on energy prices and so forth. i think that when it comes to pass, it won't diminish the interest that we have middle east. so i frankly do not hear a lot of concern about that. i hear much more about it here, frankly. >> thank you, dennis, david, and michael. thank you all for joining us today. please look out on your e-mails for the release of...
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. >> the stanford economy looked at the budget and said 500,000 jobs right away. this plan will protect and strengthen medicare. it begips, yes, by repealing obama care. >> the resolution passed 221 221-207. with ten republicans an all democrats voting against it. >> this is an uncompromising ideological approach to our budget issues. this also fails the test of taking a balanced approach. >> the senate is planning to vote on the ryan blueprint to hold republican feet to the fire. >> it was crafted by a hard right group in the house. and most republicans would rather run away from it. we saw that happen during the presidential campaign. we're not going to let them run. >> senate democrats favor budget chair patty murray's plan to raise taxes, increase spending and never come to balance. top republicans say it doesn't add up. >> that means more debt. fewer jobs. frankly much higher taxes from the american people. we certainly hope that the president will change his mind and submit a plan that actually balances the budget. >> the senate plans to vote on the dueling
. >> the stanford economy looked at the budget and said 500,000 jobs right away. this plan will protect and strengthen medicare. it begips, yes, by repealing obama care. >> the resolution passed 221 221-207. with ten republicans an all democrats voting against it. >> this is an uncompromising ideological approach to our budget issues. this also fails the test of taking a balanced approach. >> the senate is planning to vote on the ryan blueprint to hold republican feet to...
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right now it's the economy. putting the economy back on track. putting them back to work. creating jobs. taking that deep dive into the difficult questions that have to be answered in washington and sticking around up here and working together to come up with -- >> it's this whole thipg of relevant in everyday lives. there's one little thing we're going to love potentially as journalists, i guess. the rnc wants more trackers. the real problem was democrats had too many video trackers. the republicans don't have it. what's interesting here about this recommendation is it sort of -- it's sort of an odd recommendation because the parties have been doing this for years. opposition research, following around a candidate is something you do for years. it's just that republicans got caught. is the problem the message or just simply getting caught? >> it's probably candidate training. y you don't want to be saying things behind closed doors like the 47% thing or what have you that could get caught on tape, that could get used against you. not only with the rnc but also republican
right now it's the economy. putting the economy back on track. putting them back to work. creating jobs. taking that deep dive into the difficult questions that have to be answered in washington and sticking around up here and working together to come up with -- >> it's this whole thipg of relevant in everyday lives. there's one little thing we're going to love potentially as journalists, i guess. the rnc wants more trackers. the real problem was democrats had too many video trackers. the...
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it is isolated, its economy is in dire straits, its economy is divided, and its position in the region and world has only grown weaker. i do believe that all of us have ab interest in resolving this issue peacefully. strong and principled diplomacy -- [ applause ] -- strong and
it is isolated, its economy is in dire straits, its economy is divided, and its position in the region and world has only grown weaker. i do believe that all of us have ab interest in resolving this issue peacefully. strong and principled diplomacy -- [ applause ] -- strong and
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Mar 19, 2013
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and they also need to know we're interested in growing the economy. we need jobs. we think the democratic alternatives that both that senator murray is offering in the senate and chris van holland is offering in the house do that while the republican budget offered by mr. ryan and the who us will have a devastating effect, not only on average working americans, but on job creation in this country. we don't think it's a real budget. we think that the consequences of the policies that are included in that budget would be very devastating to the country and to middle class families and the working people. >> sir, does this mean, though, that we're headed for a government shutdown like we lived through in '95 and '96? >> we're talking about two different things, the budget and the cr, the continuing resolution, the funding past march 27th for government enterprises, i think we'll pass that. i hope we'll pass it this week. i senate i think is going to pass it hopefully late tonight. we'll send it over to us and i expect us to pass it on thursday. the senate passed versi
and they also need to know we're interested in growing the economy. we need jobs. we think the democratic alternatives that both that senator murray is offering in the senate and chris van holland is offering in the house do that while the republican budget offered by mr. ryan and the who us will have a devastating effect, not only on average working americans, but on job creation in this country. we don't think it's a real budget. we think that the consequences of the policies that are...
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. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from
. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shepard: hey, if you kick a helpless see you lose your beach privileges. the mayor of san diego ordering officials to close down a stretch of beach in la jolla after cameras caught people kicking and punching and sitting on top of seals and their brand new pupsz. workers installed the cameras in january to watch the seals give birth. instead cameras caught people harassing the animals. now the beach is off limits at night. that is not sitting well folks say that beach should be open to everybody. trace gallagher is in our west coast news hub. first, did they find the people who attacked the sealed seals? >> not yet, shep. the city attorney says if suspects are brought in they will be prosecuted and wildlife groups sa
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shepard: hey, if you kick a helpless see you lose your beach privileges. the mayor of san diego ordering officials to close down a stretch of beach...
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we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states, the prime minister of israel, they're getting ready for a news conference, to talk about their meeting, talking about iran, its nuclear program, syria, what is going on there. will the u.s. intervene? has a red line been crossed in syria as a result of reports that perhaps chemical weapons have been used? our coverage continues right after this. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exc
we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states,...
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they are forecasting the entire economy. when you look at those dates, those are the ones with the more optimistic outlooks. you have the fiscal uncertainties. the fed cannot take that into account in their forecasts. they forecast the economy as it is, not what may happen from the fiscal side. cheryl: the sequester will be one of the things that can change their gdp projections. i assume that would be to the downside. unemployment, that is also key to market participants. is 6.5% unemployment -- if that threshold comes sooner rather than later, that will be a market negative, i assume. >> i would assume that as well. the labor force participation rate is at a 30 year low. we will get it down to 6.5% by giving more people to drop out of the labor market. if you look at consumer confidence as measured by the university of michigan, that have plummeted this year. do not forget, guys, the way that that helps out this u.s. government is keeping the rates low. cheryl: what about the homebuilders, scott? homebuilding has been a bi
they are forecasting the entire economy. when you look at those dates, those are the ones with the more optimistic outlooks. you have the fiscal uncertainties. the fed cannot take that into account in their forecasts. they forecast the economy as it is, not what may happen from the fiscal side. cheryl: the sequester will be one of the things that can change their gdp projections. i assume that would be to the downside. unemployment, that is also key to market participants. is 6.5% unemployment...